Financial Performance - The company's revenue for Q1 2022 was ¥1,583,457,434.88, representing an increase of 81.73% compared to ¥871,324,399.01 in the same period last year[4] - Net profit attributable to shareholders for Q1 2022 was ¥456,840,170.96, up 54.25% from ¥296,161,987.00 year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥456,697,598.91, reflecting a 55.53% increase from ¥293,648,912.78 in the previous year[4] - The company's basic earnings per share for Q1 2022 was ¥4.8363, a rise of 54.02% compared to ¥3.140 in the same quarter last year[4] - Total operating revenue for the first quarter reached ¥1,583,457,434.88, a significant increase from ¥871,324,399.01 in the previous year, representing an increase of approximately 81.5%[28] - Net profit for the first quarter was ¥456,840,170.96, compared to ¥296,161,987.00 in the same period last year, reflecting a growth of about 54.2%[31] - The company reported a total comprehensive income of ¥452,721,251.69 for the quarter, compared to ¥297,816,206.59 in the previous year, an increase of about 52.0%[34] - Basic and diluted earnings per share for the quarter were both ¥4.8363, compared to ¥3.140 in the same period last year, reflecting an increase of approximately 54.0%[34] Assets and Liabilities - Total assets at the end of Q1 2022 reached ¥10,525,139,532.15, marking a 131.57% increase from ¥4,545,105,029.03 at the end of the previous year[4] - Shareholders' equity attributable to the parent company was ¥8,983,349,292.51, up 170.18% from ¥3,324,975,454.86 at the end of the last year[4] - The total assets of the company reached ¥10,525,139,532.15, up from ¥4,545,105,029.03, reflecting a growth of approximately 132.5%[21] - Total liabilities increased to ¥1,541,790,239.64 from ¥1,220,129,574.17, marking an increase of approximately 26.4%[27] - The total liabilities increased, with accounts payable rising to ¥36,426,146.79 from ¥11,886,637.42, indicating a growth of approximately 206.5%[21] - The company's long-term borrowings increased to ¥147,857,950.00 from ¥57,950,000.00, representing an increase of approximately 155.5%[27] - Deferred income tax liabilities rose to ¥155,808,479.85 from ¥110,226,938.10, marking an increase of about 41.3%[27] Cash Flow - The net cash flow from operating activities was -¥387,083,889.62, a significant decrease of 513.03% compared to ¥93,719,211.53 in the same period last year[4] - The total cash inflow from operating activities was 1,253,299,692.98 CNY, compared to 756,527,068.21 CNY in the previous period[38] - The total cash outflow from operating activities was 1,640,383,582.60 CNY, up from 662,807,856.68 CNY in the previous period[38] - The cash and cash equivalents at the end of the period amounted to 5,411,089,409.33 CNY, compared to 268,440,913.43 CNY at the end of the previous period[38] - The cash outflow for taxes paid was 155,567,346.58 CNY, compared to 40,472,317.38 CNY in the previous period[38] - The cash outflow for other operating activities was 71,814,255.95 CNY, an increase from 14,188,866.74 CNY in the prior period[38] - The net cash flow from investing activities was -120,433,025.56 CNY, worsening from -91,777,746.30 CNY in the previous period[38] - The company experienced a foreign exchange impact of -991,325.55 CNY on cash and cash equivalents[38] Operational Developments - The increase in revenue and profit was attributed to rising product sales and prices[8] - The increase in total assets was primarily due to IPO fundraising and an increase in accounts receivable and notes receivable[8] - The company reported a government subsidy of ¥1,706,217.10 during the quarter[7] - As of March 31, 2022, the total current assets amounted to ¥8,957,573,872.51, a significant increase from ¥3,018,305,076.48 at the beginning of the year, reflecting a growth of approximately 196.5%[18] - The cash and cash equivalents reached ¥5,453,871,701.31, up from ¥537,153,358.52, indicating a substantial increase of about 911.5%[18] - Accounts receivable increased to ¥383,432,864.25 from ¥279,143,648.66, representing a growth of approximately 37.3%[21] - Inventory levels rose to ¥1,898,002,198.26, compared to ¥1,561,837,992.82 at the start of the year, marking an increase of about 21.5%[21] - The company is in the process of installing equipment for its cobalt salt production project, with all major equipment already delivered and installation expected to be completed by the end of 2022[17] - The company aims to achieve production capacity by the end of 2022 for its cobalt salt project, with the installation phase currently underway[17] - Short-term borrowings increased to ¥509,260,072.43 from ¥373,914,332.08, indicating a rise of about 36.2%[21] - The company reported a significant increase in prepayments, which rose to ¥204,483,887.98 from ¥69,228,805.12, reflecting a growth of approximately 195.5%[21]
腾远钴业(301219) - 2022 Q1 - 季度财报